Derivatives and sentiment data show a fearful, range‑bound market

CoinDesk reports the Crypto Fear and Greed Index back in ‘extreme fear’ after prior liquidations wiped out overleveraged longs, and FXStreet/Coinglass data show rising open interest in selective names like Dogecoin as traders hunt for rebound plays. Overall, flows are light and ranges tight, with analysts repeatedly describing ‘a market waiting for a catalyst’ in the form of incoming U.S. data or central bank surprises.